Revenue Update on InfraREIT Inc(NYSE:HIFR)

InfraREIT Inc(NYSE:HIFR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $33.78M. Analysts estimated a revenue of $171.65M. Earnings per share were $0.30.

InfraREIT Inc (HIFR) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -0.46% at a volume of 74,740. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.51. The peak price level was also seen at $17.51 while the days lowest was $17.28. Finally the shares closed at $17.3. The 52-week high of the shares is $30.27 while the 52-week low is $13.61. According to the latest information available, the market cap of the company is $757 M.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Hunter Hunt (director 10% owner) sold 3,142,378 shares at $0.00 per share price.Also, On Jul 11, 2016, Consolidated, Inc. Hunt (10% owner) sold 3,142,378 shares at $0.00 per share price.On Dec 9, 2015, John A. Gates (director) purchased 7,500 shares at $20.30 per share price, according to the Form-4 filing with the securities and exchange commission.

InfraREIT Inc. is an externally managed real estate investment trust (REIT). The Company owns rate-regulated electric transmission and distribution (T&D) assets such as power lines substations transmission towers distribution poles transformers and related property and assets in Texas. Its T&D assets are located throughout Texas including Panhandle Assets Stanton/Brady/Celeste Assets McAllen Assets Stanton Transmission Loop Assets and ERCOT Transmission Assets. The Company leases its T&D assets to Sharyland Utilities L.P. (Sharyland) an electric utility. The Company’s T&D assets are owned by its subsidiary Sharyland Distribution and Transmission Services L.L.C. (SDTS) and SDTS’s wholly owned subsidiaries Sharyland Projects L.L.C. (SPLLC) and SDTS FERC L.L.C. (SDTS FERC). The Company’s tenant Sharyland is a regulated utility and serves over 50000 electricity delivery points in 29 counties throughout Texas. The Company is externally managed by Hunt Manager.

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